"Making money when Bill Ackman is losing money is like a
ride at the circus," he said during a telephone
interview with CNBC.

Chapman's price target today for Herbalife's stock is $75.
However, he sees the stock going to $300.

Chapman told Wapner that Herbalife constitutes one of the largest
positions he holds in all of his accounts. In some of his
accounts, it's over 50%, he said. He reestablished his
position in the nutrition supplement seller in the low $40s.

As for Ackman's massive short, he says that he's not a guy who
can surrender.

"I truly believe that he has a poster of the movie "300" over his
bed. He's not trained in the art of surrender."

And then for Ackman's press release about Herbalife's earnings
yesterday, he said "Oh these are good questions to be asking of
JCPenney, not Herbalife."

Ackman told CNBC earlier that he has not covered a single share.
Back in December, Ackman, who runs $12 billion Pershing Square,
publicly revealed that he's shorting more than 20 million shares
of the stock.

Since confirming his short, the stock has risen more than 41%.
It's hitting 52-week highs today after it was reported that
George Soros had amassed a sizeable long position.